real-time news and commentary for investors
Wednesday, Oct 16
Bouncy day for Lululemon amid rumors
- Shares of Lululemon (LULU -1.5%) show volatility amid chatter of a new short position from a major player.
- Despite the ongoing battle with shorts, the retailer has bigger fish to fry.
- For one, the issue of who the next CEO will be is unresolved, although top management thinks the current three-year strategic plan will remain in place no matter who is chosen.